JobIndex, the leading recruitment site in Denmark, will pay shareholders a DKK 126 million ($20 million U.S.) dividend. The company did not pay out a dividend last year due to the Covid-19 pandemic.
The dividend is significantly smaller than previous years, given that EBIT for 2020 was only DKK 74 million ($11.8 million). The bulk of the dividend (92%) will go to the controlling owner, Kaare Danielsen, who is also the company’s CEO and founder.
JobIndex is preparing for a boom in job ads. That’s a sharp turn around from last August, when ads were 20% below pre-Covid levels. But the company now says that the job market is stronger than it was before the pandemic. February has been the strongest month since the financial crisis of 2008 and March is shaping up to be even stronger.
JobIndex runs the biggest recruitment site in Denmark, JobIndex.dk, as well as StepStone.dk and it-jobbank.dk. It has more than 1 million users across the sites.
The group had a turnover of DKK 280 million ($44.5 million U.S.). A large part of the turnover consists of annual agreements, which customers pay in advance. The company has used the excess liquidity partly to pay taxes in advance in order to avoid interest.